Side by side
ClearBank Embedded Banking vs Modulr
Both stand on banking-as-a-service platforms. Which one you can start free with, which one lets you read the code, and what each costs once you pay.
ClearBank combines UK banking accounts, payment schemes, compliance processes, and API integration for established regulated partners. Its paid, UK-focused model and integration responsibilities should be reviewed before adoption.
Visit ClearBank Embedded Banking
Choose Modulr if your business needs payment automation alongside multi-currency accounts, card issuing or API access. Compare the included payment allowances across Bronze, Silver and Platinum, and account for extra-payment charges. Businesses seeking FSCS coverage should note that Modulr says customer funds are safeguarded instead.
Visit ModulrThe facts
| ClearBank Embedded Banking | Modulr | |
|---|---|---|
| Free plan | No | No |
| Open source | Not published | No |
| Runs on | API | Android, API, iPhone, Web |
| Lowest paid plan | Free or on request | Payroll Payments Bronze: £16.25 a month |
| Plans published | 1 | 12 |
| Maker | Not published | Not published |
| Website | clear.bank | modulrfinance.com |
| On banking-as-a-service platforms | #11 of 31 | #7 of 31 |
ClearBank Embedded Banking: what it does well
- UK current accounts support Faster Payments, CHAPS, and Bacs
- Includes multiple account and savings variants
- API offers simulation, webhooks, and developer portal
- ClearBank retains ultimate regulatory accountability
- Eligible deposits receive FSCS protection
What to know first
- Available products are limited to the UK
- Pricing requires contacting sales
- Average API integration takes 30–45 days
- Flexible Cash ISA has a £20,000 annual limit
Modulr: what it does well
- Accounts support GBP, EUR and nine other currencies.
- Local IBANs are available in five countries.
- Supports instant GBP and EUR payments, plus CHAPS, Bacs, SEPA and SWIFT.
- Issues virtual and physical Visa and Mastercard cards.
- Provides API documentation, developer guides and sandbox access.
What to know first
- No free plan is available.
- Bronze includes 80 payments, with extra payments charged separately.
- Sage Intacct is marked as coming soon.
- Customer funds are safeguarded rather than covered by FSCS.
Alternatives to ClearBank Embedded Banking Alternatives to Modulr The whole list